TRUSTEE ACT 1936 - SECT 21
TRUSTEE ACT 1936 - SECT 21
21—Power to sell subject to depreciating conditions
(1) No sale made by a
trustee shall be impeached by any beneficiary upon the ground that any of the
conditions subject to which the sale was made were unnecessarily depreciatory,
unless it also appears that the consideration for the sale was thereby
rendered inadequate.
(2) No sale made by a
trustee shall, after the execution of the conveyance, be impeached against the
purchaser upon the ground that any of the conditions subject to which the sale
was made were unnecessarily depreciatory, unless it appears that the purchaser
was acting in collusion with the trustee at the time when the contract for
sale was made.
(3) No purchaser, upon
any sale made by a trustee, shall be at liberty to make any objection against
the title upon the ground aforesaid.
(4) This section
applies only to sales made after the twenty-third day of December, 1893.